For 2023, the amount of the W. Eugene Smith Student Grant is $3,000.The grant provides one student photographer with the financial freedom to complete a photographic essay.

In the event the applicant is the recipient of the Student Grant, the applicant understands and agrees that $2,700 of the total Grant of $3,000 will be paid upon receipt of the Grant, and $300 will be paid upon receipt of twelve (12) digital images within eighteen (18) months after receipt of the Grant. Recipients must submit a final report detailing how the grant was used and how the money contributed to the success of the project, along with a short video (to be used for promotion of the fund) talking about the same.

The images shall become part of the W. Eugene Smith Legacy Collection at the International Center of Photography in New York. Applicant also agrees that as part of the unrestricted gift, the Smith Fund may exhibit the images and use them on a non-exclusive licensing basis to promote the activities of the Fund.